Tuesday, August 8, 2017

Disney is pulling all of its titles from Netflix to start its own streaming service

Disney plans to pull all of its movies from Netflix, including such titles as Moana, Zootopia, The Pirates of the Caribbean: The Curse of the Black Pearl and many more.

Walt Disney Co. announced Tuesday afternoon that it intends to end its multi-year partnership and pull all of its movies from Netflix in order to launch its own branded direct-to-consumer streaming service in 2019.

In addition to a Disney streaming service, ESPN will also launch its own streaming service.

Under terms of the transaction, Disney will pay $1.58 billion to acquire an additional 42% stake in BAMTech—a global leader in direct-to-consumer streaming technology and marketing services, data analytics, and commerce management—from MLBAM, the interactive media and Internet company of Major League Baseball. Disney previously acquired a 33% stake in BAMTech under an agreement that included an option to acquire a majority stake over several years, and today’s announcement marks an acceleration of that timetable for controlling ownership.

"The new Disney-branded service will become the exclusive home in the U.S. for subscription-video-on-demand viewing of the newest live action and animated movies from Disney and Pixar, beginning with the 2019 theatrical slate," said a Disney representative.

There is currently no information on when exactly the movies will be pulled, but it will likely happen sometime before 2019.

If you have a Netflix subscription, start bingeing Air Bud: Seventh Inning Fetch, Air Bud: Spikes Back and Air Bud World Pup one more time, before it's too late.